CIO is killing entire IT Department - Anonymous employee Silicon Valley Bank Employee Review

2.0
May 28, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

SVB has a great culture and stands behind their employees with the exception of their new CIO Beth Devin.

Cons

IT morale is at an all time low. The CIO has had IT in a re-org for over a year now and still not finished. She has dissolved one of the highest performing departments and split them up across all the other depts. She moved people and created new teams before even having job descriptions or team charters. She spends more time in the business side instead of leading her IT dept. She gives more responsibility to a department that is known throughout the organization to be under performing, then goes ahead and fires the head of that department les then two month after making the change. At the same time, she fires the head of the department she dissolved even though that person successfully build a brand new team and was delivering on his tasks. She is now just cutting anyone that does not agree with her whether they are performing or not.

Explore other reviews about Silicon Valley Bank

5.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

- Great Pay - Great People

Cons

- Post FCB Migration - Things have slowed down

1.0
Mar 31, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pre-2023, excellent culture and team environment, strong compensation and bonuses, and generous budgets that supported employees well.

Cons

Since the 2023 bankruptcy, the company has struggled to regain its identity. There has been significant turnover in senior leadership, and much of the experienced management team has departed. This has led to inconsistent direction, frequent misalignment between leadership messaging and execution, and a noticeable decline in employee confidence. Compensation, bonuses, and career progression opportunities have become less competitive, and overall employee support has diminished. The organization now feels more like a rebranded extension of First Citizens rather than the distinct institution it once was. There is also an over-layering of management, with too many overlapping roles and unclear accountability, which slows decision-making and creates unnecessary complexity. Finally, the company has lost much of its competitive edge post-2023, with ongoing client attrition and reputational challenges that employees are left to address without clear strategic direction.

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